This transaction is subject to customary precedent conditions.
This divestment reflects Veolia Water's decision to refocus its portfolio of contracts and the company's development strategy based on higher value-added solutions.
CGEP holds four concession contracts to operate public water and wastewater services and also provides services to public and private sector companies. It serves 270,000 people, mainly in the north of the country.
CGEP's annual revenue amounts to €42 million, with 423 people employed.
BBVA acted as an advisor of Veolia Environnement on this sale.